robert frank has more. >> the idea of buying a multimillion dollar picasso online once seemed surrealnow it's becoming a reality. media reports say that amazon, the online retail giant is looking to start selling fine art online. it would team up with galleries around the country and sell works for a small commission. amazon denies comment. currently what is sold on amazon are posters, prints and watercolors. most priced under $400. amazon's move into the high end art world could see a shift to the wide open digital screen. already the auction houses are doing a big business selling fine art and collectibles online. more than $1.5 billion of christie's sales last year went to online bidders at its regular auctions. this painting called october on the cape was sold to an online bidder for $9.6 million. the company also sold a shang dynasty bronze wine vessel for $3.3 million to an online buyer. sothebys and christies have developed online bidding platforms. when christies auctioned off the collection for $183 million. it included an online only sale. those 1,000 pieces auctioned off, t

wealth editor robert frank is here to tell us what kind of assets mr.e has and homes he's purchased in various places. >> the government is seeking any and all assets of cohen's hedge funds which could be as much as $10 million which could be threatened if the government succeeds. he could be exonerated or settle and remain in place. he owns two beach homes in the hamptons and this penthouse duplex in manhattan. his main estate is this 35,000 square foot mansion said to be well worth over $20 million. cohen's wealth is mainly in his art collection. dealers telling me it could be worth well over $1 billion and he bought this picasso in november for $150 million and paid $137 million for this piece and perhaps his best known piece is the pickled shark. the dame i don't know hearst piece and that he lent to the museum of art back in 2007. if he put this money into a trust before the investigation they could be protected but given how long they have been investigating, very unlikely. >> interesting to see how this all unfolds. >> thank you. >> do you have a

robert frank reporting. sue, down to you. >> ty, we're going to focus now on the muni bond yield. it's rising. i just checked and long data aaa paper, the yields have moved 11 basis points. that will tell you how much things are in flux on a situation like this this day after detroit filed for bankruptcy. the largest municipal bankruptcy in u.s. history. how safe are muni bond investments in general though? ben thompson is the ceo of saferson capital advisers which is a global fixed income boutique. ben, good to have you here. >> thanks, sue. >> as i understand it, you do not think that detroit is basically a blueprint for what we will see in other municipals on a wide scale in the country. >> that is a correct reading. the urgency of detroit's situation was very clear. people have been watching detroit. this, unfortunately, was inevitable. it sounds like there was a rush yesterday to get the bankruptcy filing before it could be blocked by the city pensions. so this occurred even more quickly than i think people expected, but detroit shouldn't be extrapolated to the rest of the ma

. >> robert frank is brain damaged and she should get $6 million for suffering. her sister urging people to support >> she's only awarded $200, 000 out of that $6 million. >> a lot of people have a lot to lose if healthcare costs go up. >> it is not the greedy lawyers or attorneys, it is not tp greedy plaintiffs, we are the victims. >> supporters need half a million signatures to qualify for this november 204 ballot, if it does expects an expenses and emotional election battle. john ktvu channel 2 news. >>> investigators believed that criminals may have access customer's atm accounts at self check out lanes. it is confirmed of 200 fraud related cases from this. >>> next week andrew will be testing both of the eastern ban of the bridge. 20 foot long bolts to simulate conditions on the bay and giant jax will stretch them with a force equal to the weight of ten full size semi trucks. >> the railing see that's for protections. we don't want those pieces to fg everywhere. >> over labor weekend delay of the bridge while caltrans working to fix it. the federal aviation

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robert frank, i guess you could call this the sort of faux rich of reality tv. >> the in faux rich. >p with that one. look, we get it. it's entertainment. this is not reality-reality -- except our reality shows on cnbc. i wanted to look at how many of these folks actually were rich. and if you look at the stats, about 12 of the 60 housewives have at some point filed for bankruptcy or had a family company file for bankruptcy. so let's just go through the rogue's gallery of housewives who have had financial trouble in their life. we start out with alexis and jim, the orange county version, he filed for chapter 11 with his company back in 2010. the house, it turns out, featured on the show, was the on asset of that company, eventu eventually sold for $3 million in 2011. we go to the solatis, the couple that crashed the white house party. remember these guys? got their own show, the d.c. housewives, one of the companies filed for chapter 7. they have, by some accounts, 30 lawsuits against them by vendors, creditors, other folks. and then there's our new york sonja -- i guess it's sonja mo

robert frank has been covering the story for us. robert? >> you know the art that's owned by the city of detroit, it's estimated to be worth at least $1 billion. some say it could be worth more than $2 billion. collection of the detroit institute of art includes a van gogh that could be worth more than $100 million alone. collection includes this rembrandt from 1640 called "the visitation," very famous piece and a classic monet from 1886. the institute has works by picasso, matisse, you name, it they probably got t.emergency manager kevyn orr asked for an indiana ven try of the museum saying everything is on table in this bankruptcy. christy's, the auction house, sent a team there in may and the talk of selling this has sparked an outrage from groups and museums. they say the collection is held in the public trust for the public and has to be protected. ultimately this will be up for the courts to decide. a tough decision, do you want picassos or your pension? that's what it may come down to, very interesting choice. >> yes. >> the s&p 500

robert frank back with me. with the "new york times" and he's been covering the murdoch divorce. peter, what can you tell us about where you think this might go now that there is a new legal eagle on the side of wendy? >> yeah. robert laid it out pretty well for you. i think what's happening here is wendy's original lawyer pam sloan helped to write the pre-nuptial with rupert and became friendly with wendy and rupert over the years and decided that she needed independent counsel separate from her so she interviewed about eight different lawyers, some of the most prominent members of the divorce bar and ultimately settled on bill zabel with lots of experience in high-profile divorces. >> how nasty is this likely to get, and, of course, there was controversy some time ago about the point that robert made and that is how felly represented in the murdoch family trusts are the children of rupert and wendy, and is that likely to be a negotiating point as this case moves forward? >> hard to say, but there's a fascinat

robert frank, you covered the wealthy for us. who are these people you cover?benchmark you use? >> you know, the survey shows that no matter how wealthy you are, it's always twice your own level. if you're worth 5 million, it's 10 million that's wealthy. what struck me about the survey, the cash holdings among the wealthy are still huge. 23% of the holdings are still in cash. we thought once we're at that -- at this point in the market, that they would start investing. what is holding all of the cash on the sidelines for the wealthy? and, mike, do you think they're going to start putting more into the market, or is this a permanent result of the cries nice. >> i wouldn't say it's a permanent result. what i would say is the way they view cash and engagement is different. for example, we are seeing investors reengage. they are putting money back into the money markets. they're taking on more risks. what they're doing is keeping the buffering cash, the barbell approach. the view is, i want the safety and the security of knowing that my money will still be availabl

but what are we resorting to now to find a buyer in robert frank on that story. >>> and one of the greatest quarter backs of all time. nfl hall of famer joe theismann is here. he will talk about sports business and drug use among athlete. you're watching cnbc, first in business worldwide. stay with us. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." >>> good news on the economy is good news for the markets. josh, over to you on a record-setter again. >> yeah, maria, another session is history. lots earnings today. right now, moving big after hours. chipotle on the top comps. united health group, leading blue chips and enrolling more people and selling more health technology systems. safeway also

. >>> robert frank is here. some rich dude that i met said, i'm going mansioning this weekend. i said, what's that? he said it's going around to mansioning with my friends. it's like a verb. is that making a comeback? >> real estate sales in the hamp tons hitting an all-time record in the quarter. sales hit $1.14 billion in the quarter. that's up 23% from the second quarter of 2012 and it's the highest since we started tracking this since 2012. the average sales in the hamptons, $1.7 million. the real growth was in the, quote, entry level market. the entry level here is defined as 1 to $5 million, but the high end also did well. one of the top sales in the quarter was probably that $60 million deal. the big question is whether this party can keep going, because they are running out of mansions. inventory is very light right now. >> i, for one, on this fine program, am calling for an end to the scourge, the terrible scourge of few mansions. this is america, darn it. >> two cars in every garage and a mansion for e

just talking to robert frank about it, 1982, and, of course, the country has gotten much wealthier. >> were you in second grade. >> i don't even think i was born, tyler. come on. >> it that accredited investor threshold designed to -- works on the assumption that people have enough money to withstand a loss, or is it that people with that much money they got to be smart? an intelligent test or a approximate? >> a couple of logical leaps. obviously just because you have money doesn't mean you'll make wise investment decisions. we all know. that was quote, unquote wealthy in this country? $1 million in net worth is unattainable tom people but there are far more millionaires now than in 1982 so there's a question of whether they need to raise the net worth bar so whether you have the investors who can lose money in that net. >> i like the idea they went unanimously on that vote about keeping the bad apples out. now that's a controversial move. >> that's right. if you have a felony record or otherwise meet this definition of bad actor you can't solicit. that theoretically is supposed to w

cornell economics professor robert frank has some thoughts. >> over the last 30 years, almost all ofy top of the income distribution, and so people at the top have been building much bigger houses. people who are just below the super rich, well, maybe they wanted to build bigger but were afraid it would be unseemly to do so. now there's this 70,000-foot monster above them. that clears the way for them to build 60,000 square feet. and so it trickles on down, one step at a time. >> to your neighbor, who doubles the size of his house. now your house is suddenly small, so you build a bigger one. it's kind of like an arms race, only it promises mutually assured expansion. >> it's exactly like a military arms race. one side buys bombs; so does the other. and then they're back where they started. the norm for what constitutes an acceptable house just changes. >> well, it's not exactly a small kitchen, is it? >> no, no. i'm a cook, so i built this kitchen for such. wanted to make sure that i got all of the latest and greatest appliances, the range with the double oven. you have an oven here,

robert frank knows all things big and beautiful when it comes to the outing world.hat's right. in april, we told you about azzam, the largest yacht in the world, 1 1/2 football fields, cost more than $600 million to build. it went for its first sea trials recently. it's like a road test for a superyacht. it hit a top speed, get this, of 31.5 knots, that's about 36 miles per hour. now, azzam is far and away also the fastest super yacht in the sea, over 300 feet. executives tell me azzam can go even faster in deeper water. that sea trial was in the north sea. it was only about 60 feet of water. now, by comparison, the second-largest yacht, eclipse, can only hit around 22 knots. what makes azzam so fast? well, the jet engines. there they are. rather than propellers, it uses supersized water jets powered by two gas turbines and two diesel engines cranking out 94,000 horsepower. of course, that's going to burn a lot of fuel. but the owner is reportedly the royal family of the united arab emirates, so they have lots of oil and lots of money to burn. >> i am floored. what

robert frank is here with more on that story. >> it's a really interesting story i think because of whohere is that james gandolfini left a very detailed will to his son. he left clothing, his jewelry, rights to buy his apartment in new york city and a parking space that's actually worth a lot of money here in manhattan. left his assistant $200 now, his nieces got $200,000 each and his house in italy he left, 50% to his son and 50% to his daughter, but he also may have left too much to the tax man. a noted trust to the state's attorney calls this a tax disaster, and here's why. the rest of his estate gandolfini left 20% to his wife and 80% to his sisters and daughter. that 80% will likely be subject to the estate tax, that's, of course, about half of everything over 5.25 million. now if he had given everything to his wife, it would have been shielded from the tax because of the unlimited tax fee transfers to spouses. now we don't know the value of his estate, and the attorneys say that whoever drafted this, they did decline, may be other reasons not to leave it all to his wife but when

we have don steinbrook, a managing member at agecraft, and also cnbc's own robert frank.you even begin with this story? don, perhaps we'll start with you. obviously, this party was for a good cause. but at some point, when is it just become tone deaf to do something like this? >> you know, i think it's not good public relations for steve cohen, but i think as far as s.a.c. goes, it's completely irrelevant. i don't think it will have any impact on the d.a., how they approach this case. i think given where the firm is, they're not able to raise any money currently, so it won't reduce the marketability of the fund. i think as far as investors that are still with the fund, i think this party's not going to have any impact on whether they decide to stay or leave. >> michael, maybe it doesn't have that big of an impact that way, but is there an issue with this party? i mean, let's assume it was some longstanding thing, if it was, in fact, for charity. does it even matter? >> well, if it's a longstanding event for some charity, it probably -- >> it wasn't arranged the night befo

power rundown time and joining us is cnbc.com net senior editor john carney and wealth editor robert frankians, the link back to the former wiener mobile, elliot spritzer and former congressman anthony weiner. spitzer is running for new york city comptroller and weiner running for mayor of new york. spitzer joined "morning joe" earlier today and got a bit choked up reflecting on his past. take a look at this here. >> how are you different than you were five, six years ago? what has changed personally? >> a lot of pain, a lot of pain. >> in who you are. >> that's it? >> yeah. you go through that pain, you change. >> weiner/spitzer, do they deserve a second chance, john karn? you're a brooklyn resident, what do you think? >> i think anthony weiner clearly inspired spitzer to run. new yorkers believe that these politicians do deserve a second chance. i think spitzer saw how well weiner was doing it's like, hey, apparently all is forgiven. i get back in. >> do we draw a distinction between weiner and spitzer who was a sitting governor at the time he was patronizing prostitutes? >> yeah. i mean

he is now a partner at harrick feinstein, and also with us is robert frank, cnbc's wealth editor and john carney is cnbc editor, and good to see everybody. thank you for joining us. this is pretty extraordinary. steve, have you ever seen anything like that? >> well, look, there's often the case that corporations get caught up in criminal activity, and they bring charges. they often settle those with different prosecution agreement, new put monitors in place, come up with alternative ways that don't destroy the company. what's extraordinary about this is we have a company that they haven't reached that resolution yet, and it looks like they're going on a road that could end in the death penalty for the company. >> you think that's what's going to happen here? they're saying, look, we can go after any and all assets. >> right. look, they're using all their tools right now to put all the pressure on this company. where it's ultimately going to end up, who knows? oftentimes when you have a corporation and you want to keep it alive, you come up with ways to do that. you enter into deferre

a lot in common, robert frank. you very much. >> you bet. >>> up next, we'll kick the wheels on bmw's new, all-electric i3. still to let us know what you think. >>> before we go to break, a little history lesson. on this day 104 years ago, gm bought cadillac for a cool $4.5 million -- yeah, million, 104 years ago, folks. provided power steering as well as automatic windshield wipers. if gm were to sell cadillac today, it would likely get about $500 million for the brand. that's just one guy -- you have to -- who can look, you know, the cadillac of the '70s, 27 feet long, could seat eight. no seatbelts, crush velvet seats, fantastic. we'll check out the bmw i3 after this. [ male announcer ] come to the lexus golden opportunity sales event and choose from one of five lexus hybrids that's right for you, including the lexus es and ct hybrids. ♪ this is the pursuit of perfection. ♪ "first day of my life" by bright eyes you're not just looking for a house. you're looking for a place for your life to happen. with fidelity

robert frank found three high uber end apartments but the price tag, absolutely insane, right? >> absolutely insane. new york may have a penthouse shortage or at least that's a fear among brokers after today's report. brown harris stevens saying there was a big decline in sales in the multi-million dollar category. sales of propertiesed 5 million or more fell 25% from a year ago and $10 million plus homes fell by nearly 50%. inventory a big problem. brokers saying they are running out of ultra luxe penthouses and properties. but a lot of that inventory is overpriced. we went around and did some shopping, some aggressively priced, shall we say, priorities, the penthouse at the power hotel, 16 rooms, panoramic views of the city and central park, 23-foot city but it's 125 million smackers, not including the annual maintenance of half a million dollars. also this, the 18th floor of the sherry netterland, 7,000 square feet, 2,000 of outdoor space and the price tag is $95 million. that's a little rich, even for the super rich? that's it, the pool of potential buyers must be extraordi

our wealth editor robert frank is here with the details. >> reporter: thanks, bill.dy likes a bargain, and groupon says affluent consumers represent a fast-growing market and they're winning them over with good food. groupon announcing today it's launching groupon reserve, a service that allows high-end diners to make reservations and along with a table that gets discounts up to 40%. groupon working with 600 restaurants, including lecert and capital grill in new york and miami. the list does not include the really exclusive restaurants like the four seasons or babo. but ben mckean says the users may be able to get through the velvet ropes with an extra charge, or what they call a premium experience. the company is also looking to expand into other luxury services like spas and salons. the discounts for restaurants are all built into the check, guys, so you don't have to be embarrassed when you go to lecert and present a coupon to the waiter. >> all right. thank you very much. are groupon shares a deal? let's look at the technical side of the story, chief market techn

the incomparable robert frank.o "squawk on the street." here is what's happened so far. >> it's a cyclical and volatile segment for us, and it's about gdp growth overall. so that's the segment that's undergoing strategic review of strategic alternatives. >> it's not direct competition. people watch shows from both us, and hulu and amazon. by the way, the one with the most content is cable and satellite, and they're continuing to get watched. >> these dow stocks, i don't know. journal said yesterday companies aren't doing that well. i guess i should defer. i refuse to. >> you refuse to. >> you maintain this is a good earnings season. >> yes. >> so you want shrinkage. >> what is the symbol for that? >> great to be here. >> did you have some fun on the balco balcony? >> i heard we had the best bell ring ever. i was screaming get machine for everyone. >> one of the most amazing data points i was surprised about, still trying to understand how it's possible, is that each one of their original series in the first seven d

robert frank has more on that at hq. >> this was a huge surprise in terms of price.now. on friday this 1954 mercedes formula 1 racer sold for $29.6 million t made it the most expensive ever sold at auction. it was sold at festival in the u.k. it was expected to sell around 15 million. bidding from four continents drove it to twice that amount. i know it doesn't look like much but this mercedes 196-r carried the famous race car driver juan fangio to two victories in 1954 so the acing history and rarity key to this price. the record was held by this star that sold for 16 million in 2011. now, prices for collectible cars have just gone off the charts in recent months with the wealthy looking for safe and fun places to put their money. you can see the hagerty blue chip index of top collectible cars up 50% over the past couple years and the big event, the car world, the concord in pebble beach in august. we'll be there to cover it and see if the record is broken yet again in a month. back to you. >> robert frank, thank you very much. that was a good looking car. >> a gorg

robert frank, thanks very much. they're not disconnected.ghtened, people are pulling money out of emerging markets, all that means it's not going to some people who are turning around and buying real estate. it's like a giant washing man. >> again, sort of pushing that paulsonesque idea we're in year one of a seven-year recovery. a lot of people have real problems with that argument. >> if you go back and look at the 3.9 month supply of new homes that was just reported this morning, the cycle low is 3.5 months and that was in 2003. we know how long that cycle went on after hitting that low. we could have a couple years here? >> yeah. meantime, dow is hanging in there despite being dragged down by caterpillar. we have a lot more big earnings tonight. the facebooks of the world. we'll see what happens this afternoon. let's go back to headquarters. scott wapner and "the halftime." >>> guys, thanks very much. welcome to "the halftime show." four hours until the close. we walk to the wall and see where we stand. it's somewhat of a down day. dow i

robert frank has all the details. >> it is one of the most famous 007 cars ever, the lotus esprit that became a submarine. ♪ after the movie, the car mysteriously vanished and then in 1989, a long island man who rented tools for a living, bought a storage container, sight unseen like the storage war shows. he paid $100 for what appeared at first to be just a large lump covered in blankets. when he unwrapped it, he still didn't know what it was because he had never seen a bond movie, only after he loaded on his truck and strangers stopped him and told him he had the famous bond car. years later, doug ridinios told the owner what it could be worth. the car nicknamed wet nelly is expected to sell for more than $1 million. that's likely to change the life of the humble owner. >> first of all, you're going to go down in history as the guy who found the james bond car. but then if it sells for what we're hoping it will sell for, that money will give you an opportunity to live very comfortably for the rest of your life. >> the car will be sold by rm auctions in london on september 9th. the ow

robert frank is back with more on this story. >> he has a right to party, but pr experts say he shoulde on saturday just two days after his firm was chargedes with insider trading. reuters reporting and we confirmed it wasn't a big party at least by billionaire standards, just a few dozen people and included some fellow donors to the ovarian cancer research fund. this was not a fundraiser. the ovarian cancer research fund saying the party was not connected in any way to any of their events they held saturday or fundraising efforts. we're told it was held at his current beach house, not the new one that he just purchased for $60 million, and this event was previously scheduled and he wants to reassure his friends, family and workers this lawsuit has not affected him and everything is normal. but as says this morning he should really be keeping a low profile. if he can beat the charges, then he should throw a party. not before. this follows his purchase in november of that $150 million picasso and that new beach house which he bought in march for 60 million. many wondering whether coen's

robert frank is here with more. >> his purchase of a $60 million beach home in the hamptons helped thein the hamptons hit $1.45 billion in the quarter. that's up and the highest total since miller started tracking this in 2005. the big strength was in the entry level market. that's $1 million to $5 million homes. the average price $1.7 million. the high end, the steve cohen end, that did really well. he had what is believed to be the biggest purchase in the quarter. that was in march with the $60 million deal to buy an oceanfront home on further lane in east hampton. it's an upgrade since he already has a house a few doors down. it's right on the water. it's 10,000 square feet and seven acres. he hasn't sold the first house yet, so he has two beach houses. maybe one for him and one for his lawyers this summer. >> man, that's some amazing gains. historic gains. interesting story. >> makes you wonder about what happens to them now. >> exactly. >> more on the cohen angle this morning. kay kelly joins us to talk about the indictment even on vacation. >> good morning, carl. i'm calling in f

robert frank is looking at what's at stake. do we know how much he's worth?t's way too early to tell exactly how much money he would lose in this case, but let's paint two sort of broad scenarios. the first is that he could settle or be exonerated in court. that would leave him as a multibillionaire with a family office and most of his assets. if the government gets everything it's now seeking, cohen could lose most or all of his $9 billion fortune because the government has a civil suit where it's seeking forfeiture of all the assets in the fund, not just the money made from insider trading. that's put a spotlight on his vast personal empire. his real estate collection got bigger in march with the purchase of a $60 million beach home. he owns two in the hamptons. he owns a penthouse duplex in manhattan and it's on the market for $150 million. now, his main estate is in greenwich, connecticut, 35,000 square feet with an ice rink and a personal zamboni. the estate said to be worth more than $20 million, but cohen's real wealth, well, that's his art collection.

frank. >> caller: have you read a wonderful poem by robert hayden? a bunch of sundays?it fit well what you're saying about your father. and it's a short, wonderful poem. it begins that -- [inaudible] and put his clothes on in the blue black cold. and from then -- [inaudible] weekday weather made bank fires blaze. then he says in the poem that when the rooms are warm, you recall me. i would get up -- [inaudible] driven out the cold and feeling the -- [inaudible] but then he says later on -- [inaudible] what did i know? what did i know of love's austere and lonely offices? finish so -- so the point is, you make the point so well in your talk that your father did love you. but you didn't know that, what that love austere and lonely offices. my father and i never got along together. he lived to be 104 years old, but we never got along together. but i love what you said. and i'm glad you wrote it. republican or whatever you are. [laughter] >> guest: well, thank you very much, and you're absolutely right about the old man getting up and going to work every day, not liking it,

frank somerville. >> and i am gasia mikaelian. >> the south bay man suspended of lewd behavior with a six- year-old girl cried in the courtroom today. ktvu's robert is live with the revelation from the judge that cause supporters to gasp. robert? >> reporter: you will see what appears to be a man devastated by two charges of sex crimes involving minors and a community torn by the accusations. >> reporter: he walked into the courtroom looking dazed. he was charged with lewd conduct with a six-year-old girl and possession of child pornography. he had a room full of family and friends who believe he is innocent and angry to see him hackled. >> i feel anger and anger towards the legal system. if you know the kid it is not right. >> he began to cry with his hands shaking. the atmosphere got tense after the judge pointed out he faces 15 years to life in prison if convicted and ordered him not to have contact with any possible victims in the case and had him held without bail. >> the charges are extremely serious and the conduct is very scary. particularly for, you know, parents of small children. >> police say they are still interviewing children. they

the dodd-frank act that set up a consumer agency that exempts it from most congressional oversight when it comes to finances. >>> finally, proof of an old adage. no good deed goes unpunished. robertnnedy junior and his brother max thought they were doing the right thing when they freed a 500-pound turtle trapped in a buoy line in nantucket sound. that was until they got a call from division of fisheries. turns out it violates the endangered species act. in a posting on noah's website robert kennedy says the brothers realize what they did was pretty risky, end quote. >>> fire officials have issued a new evacuation warning near a massive blaze near southern california. we go to will live in california tonight. how is it going, will. hello. >> reporter: bill, this fire gutted a large part of the neighborhood that i'm standing in right now. take a look at this home next to me. or really what is left of this home. right now very hard to make out what was the inside of this home. a lot of ash and rubble. this isn't the only one. if you look 50, 75 yards down from us another home completely destroyed. in all, this fire has destroyed about half dozen homes and continues to threaten sever

frank's apartment. he serveded two decades in congress. congressman chuck robb of virginia admitted to a nude encounter with a beauty queen. it goes on. ken calvert of california -- it goes on. cokie robertsg -- >> this is a depressing litany. >> it is. >> it really is. >> and cokie, these are men who have gone on to -- >> these are men. >> -- survive and thrive. and you and joe were saying that weiner is no bill clinton and i would agree. but do you want to compare? i don't think you should. i really -- i don't know why some people get put up on a pedestal for behavior that if you were going to compare them -- >> no, i put nobody up on a pedestal. none of us should ever wish for a pedestal. >> what are you talking about the skills then, political skills? >> yes, political skills, absolutely, and his ability to get things done. but the fact is that people do come back. this is a forgiving country. we do kind of love redemption stories. but there are scandals and scandals. and this one just shows such bad judgment. and, as i say, it's so traudry. it's just got an air of just sort of you don't want to go there. it's so unpleasant and uncomfortable. >> yeah, well, it is unpleasant and uncomf